Market Watch: Alessandra & Robert Wilson loses over $548,000 on sale of Aurora home
The home: 2449 Legacy Drive, Aurora
The 3,684-square-foot home has 5 bedrooms, 5 baths, a 2-story foyer, a gourmet kitchen, a breakfast room, a finished basement with a kitchenette, and wainscoting and a recessed ceiling in the dining room. The home backs onto a golf course.
The seller: Alessandra S. and Robert. E. Wilson
The purchase: In June 1994, the Wilsons paid $689,900 for the home, or a little over $1.17 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In June 1994, the Wilsons paid $689,900 for the home, or a little over $1.17 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Wilsons sold the home for $625,000 on Feb. 22, or approximately $548,352 less than the original purchase price, in today's dollars.
The Wilsons originally listed the home for $689,900 in June 2018 and dropped the price in September 2018 to $649,900. The home was last listed in February at $624,900.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Wilsons paid $264,180 in property taxes between 2000 and 2017, or roughly 42 percent of the sale price.
Illinois' highest-in-the-nation property taxes are eroding home equity and depressing home values across the state. This report is part of a SYHN News Service series on recent home sales that demonstrate the consequences.
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The Financial Facts in Today’s Dollars
| Seller's Purchase Price | Amount Home Sold for in 2019 | Seller’s Property Taxes |
| $689,900 | $625,000 | $264,180 |
